5.68 acres in Peralta with pre-1907 water rights, established pasture, equestrian facilities and more than 750 lavender plants create an exceptional opportunity for agricultural, equestrian and rural living. A new domestic well and new livestock well serve the property, while five varieties of established lavender are maintained with drip irrigation. Equestrian improvements include a five-stall barn with runs, mare and foal paddock, approximately 255' x 95' riding arena, and ample space for trailer parking and maneuvering. Multiple additional buildings provide extensive garage, workshop, storage, studio and gathering space, including a converted adobe barn with character all its own.At the heart of the property is an approximately 3,000 sq. ft. adobe residence, originally built in 1975 and extensively renovated and expanded in 2007. Authentic New Mexico craftsmanship is found throughout with vigas, latilla ceilings, brick floors, hand-scraped hickory flooring, wood windows and a large kiva fireplace. The kitchen features custom cabinetry, a six-burner Wolf range and porcelain farmhouse sink. A spacious primary suite, two additional bedrooms--one with an en-suite bath--and generous living and gathering spaces provide room to settle in and stay awhile.Expansive covered front and back porches overlook a setting shaped by mature trees, pasture and open space. A pond, treehouse deck and mature tree-lined drive add to the character of a property well suited for horses, agriculture, hobbies and gatherings. A new TPO roof (2025) adds to the extensive improvements, and the existing solar system is to be paid off at closing with an acceptable offer.